Sei Investments Co. Buys 42,346 Shares of H2O America $HTO

Sei Investments Co. increased its stake in H2O America (NASDAQ:HTO) by 57.5% in the 1st quarter, Holdings Channel reports. The firm owned 115,943 shares of the utilities provider’s stock after purchasing an additional 42,346 shares during the period. Sei Investments Co.’s holdings in H2O America were worth $6,802,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in HTO. US Bancorp DE bought a new position in shares of H2O America in the third quarter valued at approximately $62,000. Dimensional Fund Advisors LP acquired a new position in H2O America in the 3rd quarter valued at $31,737,000. Barclays PLC acquired a new position in H2O America in the 3rd quarter valued at $3,054,000. Private Advisor Group LLC bought a new position in H2O America in the 3rd quarter worth $694,000. Finally, Schroder Investment Management Group bought a new position in H2O America in the 3rd quarter worth $7,279,000. Institutional investors own 84.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays upped their price target on shares of H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Wells Fargo & Company assumed coverage on H2O America in a research note on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Robert W. Baird raised their target price on H2O America from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.67.

Insider Buying and Selling

In other news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of H2O America stock in a transaction on Tuesday, July 7th. The stock was bought at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the transaction, the insider owned 4,615,265 shares of the company’s stock, valued at $286,284,887.95. The trade was a 0.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

H2O America Price Performance

Shares of H2O America stock opened at $61.08 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $67.09. The firm has a fifty day moving average price of $60.15 and a two-hundred day moving average price of $57.63. The company has a market cap of $2.56 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 6.32 and a beta of 0.34.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $210.47 million for the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts expect that H2O America will post 3.13 EPS for the current year.

H2O America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 10th. H2O America’s payout ratio is currently 62.19%.

H2O America Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.